Target and Lowe’s rise while Cree and Alcon fall
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday:
Target Corp., up $17.47 to $103
The retailer raised its full year profit forecast after blowing past Wall Street’s second quarter financial expectations.
Lowe’s Cos., up $10.13 to $108
The home improvement retailer soared beyond Wall Street’s second quarter profit forecasts on strong demand for spring goods and sales to contractors.
Cree Inc., down $9.23 to $49.01
The maker of energy-efficient lighting gave investors a weak forecast as it deals with the fallout from the U.S.-China trade war.
Toll Brothers Inc., down $1.65 to $35.26
The luxury homebuilder reported a decline in orders for new homes during its fiscal third quarter.
Masco Corp., up $1.28 to $40.92
The company’s cabinet-making unit has several potentially interest buyers, according to media reports.
Fitbit Inc., up 7 cents to $3.02
The company signed a deal with Singapore to provide fitness tracking devices as part of a government health initiative.
Wells Fargo & Co., up 32 cents to $45
Financial stocks rose as bond prices fell, pushing yields higher.
Alcon Inc., down $1.91 to $60.51
The eye care company’s second quarter profit and revenue fell short of Wall Street forecasts.